The price of Primo Water Corporation (NYSE:PRMW) shares last traded on Wall Street fell -0.44% to $15.80.
Based on available information, 9 analysts follow Primo Water Corporation (NYSE:PRMW). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $17.00, we find $20.00. Given the previous closing price of $15.87, this indicates a potential upside of 26.02 percent. PRMW stock price is now 5.58% away from the 50-day moving average and 12.57% away from the 200-day moving average. The market capitalization of the company currently stands at $2.50B.
Among analysts, 1 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $20.17 as their price target over the next twelve months.
On January 08, 2021, Raymond James Upgraded its previous ‘Outperform’ rating to ‘Strong Buy’ on the stock increasing its target price from $18 to quote $21, while ‘Deutsche Bank’ rates the stock as ‘Hold’.
In other news, STANBROOK STEVEN P, Director bought 13,358 shares of the company’s stock on Sep 06. The stock was bought for $174,789 at an average price of $13.09. Upon completion of the transaction, the Director now directly owns 86,533 shares in the company, valued at $1.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, Chief Executive Officer Harrington Thomas bought 39,000 shares of the business’s stock. A total of $509,691 was incurred on buying the stock at an average price of $13.07. This leaves the insider owning 324,053 shares of the company worth $5.12 million. Insiders disposed of 1,615,589 shares of company stock worth roughly $25.53 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PRMW stock. A new stake in Primo Water Corporation shares was purchased by HILLSDALE INVESTMENT MANAGEMENT INC. during the first quarter worth $8,228,000. ACADIAN ASSET MANAGEMENT LLC invested $1,749,000 in shares of PRMW during the first quarter. In the first quarter, PDT PARTNERS, LLC acquired a new stake in Primo Water Corporation valued at approximately $1,148,000. BOULDER HILL CAPITAL MANAGEMENT LP acquired a new stake in PRMW for approximately $1,060,000. GRAHAM CAPITAL MANAGEMENT, L.P. purchased a new stake in PRMW valued at around $614,000 in the second quarter. In total, there are 298 active investors with 74.30% ownership of the company’s stock.
A candlestick chart of Primo Water Corporation (NYSE: PRMW) showed a price of $15.93 on Monday morning. During the past 12 months, Primo Water Corporation has had a low of $12.15 and a high of $17.57. As of last week, the company has a debt-to-equity ratio of 1.19, a current ratio of 0.80, and a quick ratio of 0.60. The fifty day moving average price for PRMW is $14.99 and a two-hundred day moving average price translates $14.04 for the stock.
The latest earnings results from Primo Water Corporation (NYSE: PRMW) was released for Jul, 2022. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.21, beating analysts’ expectations of $0.16 by 0.05. This compares to $0.11 EPS in the same period last year. The net profit margin was -1.40% and return on equity was -2.40% for PRMW. The company reported revenue of $584.6 million for the quarter, compared to $550.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.14 percent. For the current quarter, analysts expect PRMW to generate $580.47M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/09/2022. Investors who held shares on 11/29/2022 were paid a $0.07 dividend. On an annualized basis, this represents a $0.28 dividend and a 1.77% percent yield. There was an ex-dividend date of 11/28/2022 for this dividend.
Primo Water Corporation(PRMW) Company Profile
Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored water, filtration equipment, and coffee. The company offers its products under the Primo, Alhambra, Crystal Rock, Mountain Valley, Deep Rock, Hinckley Springs, Crystal Springs, Kentwood Springs, Mount Olympus, Pureflo, Nursery, Sierra Springs, Sparkletts, Clear Mountain Natural Spring Water, Earth2O, Renü, and Water Event Pure Water Solutions brands in the United States; Canadian Springs and Labrador Source brands in Canada; and Decantae, Eden, Eden Springs, Chateaud’eau, and Mey Eden brands in Europe and Israel. The company sells its products through retailers and online at various price points. The company was formerly known as Cott Corporation and changed its name to Primo Water Corporation in March 2020. Primo Water Corporation was incorporated in 1955 and is headquartered in Tampa, Florida.